The online betting scene was worth over $43.22 billion in 2019. Experts forecast the online betting industry to reach $124.24 billion by 2027. This section explores the facts and figures behind the global online gambling industry, discussing the income, segmentations, and the leading countries that dominate the market. With various advancements in betting, such as mobile payment apps like Google Pay and e-wallets, punters have realized the convenience of online gambling.Īs online casinos incorporate trends such as cryptocurrencies, 5G network usage, and user-intuitive features, the user base and revenue have consistently grown since 2017. Worldwide Online Gambling Statistics and Facts Also, analysts project the market to rise at the annual rate of 9.1% and reach $124 billion by 2027. The worldwide iGambling market expected to generate close to $90 billion in 2023, 12% of the total gambling industry revenue. Convenience, accessibility, exciting gameplay, and varied ways to earn money are some of their driving forces.
The online betting industry has many factors that push the market to where it is now.
